Post by A&O Shearman

Strong investor demand for Adani Enterprises Limited's (AEL) INR150 billion (USD1.57 billion) qualified institutions placement (QIP) underscores confidence in India's infrastructure growth story. We advised the book running lead managers on the transaction, which represents AEL's first significant equity fundraising in recent years and will support strategic investments across infrastructure and industrial projects, including the development of a polyvinyl chloride (PVC) plant, the Chennai Outer Ring Road project, and other growth initiatives. The successful QIP reflects confidence in AEL's long-term growth strategy and highlights continued investor support for businesses contributing to India's infrastructure development. The deal team was led by Pallavi Gopinath Aney, with support from Kyungwon (Won) Lee, Nabil Shadab, and Shinjan Alok. Read more: https://lnkd.in/e3AvSk5V #AOShearman #CapitalMarkets #Infrastructure